Gram vs Ethena Labs (USDTB) — how do they compare? Gram trades at Rp23,709 (market cap Rp65,43T, Rp644,52M 24h volume), while Ethena Labs (USDTB) trades at Rp17,829 (market cap Rp6,38T, Rp1,97M 24h volume). The key difference: Gram is far larger — about 10.3× Ethena Labs (USDTB)'s market cap, and Gram's circulating supply is 2,8B GRAM versus 358M USDTB for Ethena Labs (USDTB). Which is the better fit depends on your goals — on Pluang, investors hold Gram for 6 Days and Ethena Labs (USDTB) for 26 Days on average.
| GRAM | USDTB | |
|---|---|---|
Market Cap | Rp65,43T | Rp6,38T |
Volume (24h) | Rp644,52M | Rp1,97M |
Circulating Supply | 2,8B GRAM | 358M USDTB |
Typical Hold Time | 6 Days | 26 Days |
Signals from Pluang's Aura AI — not financial advice
Gram trades at Rp23,750 with a market cap of Rp65.83T, showing a bearish technical signal despite a recent 7% rally from Telegram's non-custodial wallet rollout announcement. The price hovers near support at Rp23,552, with neutral RSI readings but strong bearish ADX signals indicating a downtrend. Hold time is short at 6 days, suggesting speculative activity.
Outlook is cautious; the wallet integration offers adoption potential, but high volatility and bearish momentum pose risks. Monitor support breaks for downside or sustained ecosystem growth for upside.
USDTB is currently trading at Rp17,847 with a bearish technical signal, showing mixed momentum as moving averages indicate bullish sentiment while oscillators remain neutral. The asset maintains a substantial market cap of Rp6.39T with strong support levels at Rp17,823-17,854. Recent on-chain data shows an average hold time of 26 days, suggesting moderate holding patterns among investors.
Overall outlook remains cautious with key opportunities in potential bounce from support levels, though major risks include the bearish technical structure and limited fundamental developments. Investors should monitor volume patterns and regulatory developments in the Indonesian crypto market for directional cues.
What Pluang investors did over the last 30 days
Latest headlines on both assets
GRAM, previously known as Toncoin, is the native token of The Open Network, a Layer 1 blockchain used for transaction fees, staking, governance, and powering TON-based apps. The network was originally developed as Telegram Open Network before being relaunched as The Open Network under TON Foundation.
Read more on GRAM →USDtb is a fiat-backed stablecoin pegged to the US dollar, similar to USDC or USDT, with unrestricted transferability. Backed primarily by BlackRock’s BUIDL (90% of reserves), it holds the highest BUIDL allocation of any stablecoin, enabling unmatched scalability.
Read more on USDTB →